Bitcoin surged to an unprecedented high of over $122,500 on Monday, propelling the cryptocurrency’s remarkable ascent as the much-anticipated Crypto Week 2025 begins.
This dramatic increase has effectively doubled Bitcoin’s value within the past year, spurred on by renewed interest from institutional investors, favorable regulatory developments, and heightened excitement surrounding potential new legislation in the United States.
As of the latest update, Bitcoin was trading at $122,304, having gained more than 14% in the last month alone.
Bitcoin just hit $119,000 for the first time. 10 years ago it was trading at $290. That’s a 410x increase (+83% annualized). $BTChttps://t.co/l5IYmkeySJ pic.twitter.com/nz6NxZlY0k
— Charlie Bilello (@charliebilello) July 13, 2025
Liquidations Exceed $276 Million as Bitcoin Rally Surprises Short Sellers
The latest price surge has caused significant disruption across the crypto market. According to data from CoinGlass, more than $276 million in leveraged positions were liquidated in just the past 24 hours.
Of this, approximately $183 million was attributed to short traders who were caught unprepared by Bitcoin’s rapid ascent. Liquidation figures included $83.85 million for Bitcoin and $49.54 million for Ethereum, with many altcoins such as XRP, XLM, and Solana experiencing severe liquidations as market volatility increased.
In the last day, nearly 100,000 traders faced severe financial consequences, with the largest liquidation order occurring on Bybit for the BTC-USDT pair, totaling $2.86 million. Notably, short sellers were particularly hard-hit, as over 91% of all liquidated positions were short bets.
Market Participants Await U.S. Crypto Regulation Discussions
Investor sentiment appears to be on the rise as anticipation builds for Crypto Week, which is scheduled to commence on July 14. Lawmakers in the U.S. House of Representatives are set to evaluate three significant cryptocurrency bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. The outcomes of these discussions could fundamentally alter the regulatory landscape for digital assets in the United States, the largest economy in the world.
Bitcoin Economic Calendar for the week of July 14th (“Crypto Week”):
Monday: Start of the Tornado Cash Trial, U.S. House of Representatives meetings to review the “Anti-CBDC Surveillance State” Act, the “Digital Asset Market Clarity” Act of 2025, and the “GENIUS” Act
Tuesday:… pic.twitter.com/SARipkbi80
— Ledn (@hodlwithLedn) July 13, 2025
Bipartisan support for clearer regulations is evident, with lawmaker backing from both parties and the Trump administration. Should these bills pass, they could redefine how digital assets are governed in the U.S., impacting market dynamics, institutional investors, and the nation’s standing in global finance.
Despite some opposition from lawmakers advocating for an “Anti-Crypto Corruption Week,” the overall sentiment in the market remains optimistic.
Increased ETF Interest and Regulatory Clarity Suggest a New Phase for Cryptocurrencies
The total market capitalization of cryptocurrencies now rests at approximately $3.86 trillion, buoyed by significant inflows into ETFs and Ethereum’s rebound above $3,000. Other altcoins, including ADA and XRP, are demonstrating robust performance, contributing to heightened market confidence.
Moreover, the decentralized finance (DeFi) sector is gaining momentum. Over the past week, the total value locked across DeFi protocols increased by more than $20 billion, bringing the current TVL to around $176 billion. This growth indicates a rising trust in on-chain financial systems.
Market participants are closely monitoring key macroeconomic and political developments. Bitcoin’s ability to withstand new U.S. tariffs has surprised many analysts, who attribute this resilience to the maturation of the cryptocurrency market.
With demand for ETFs on the rise and the prospect of clearer regulatory guidelines on the horizon, some market observers speculate that this recent surge could signify the beginning of a sustained upward trend.
The post Bitcoin Hits New All-Time High Above $122K as Crypto Week Buzz Builds appeared first on Finance Newso.
